Immovable Flat purchased from director on credit by Limited (non listed company). Under section 188 for Related Party transaction Ordinary resolution (as per amendment u/s 188) has been passed in EGM. Now is the company required to file MGT 14. As per section 117 only Special resolution is required to file. Further I believe that this transaction does not fall under any other sub section of section 117. Please Reply its urgent.

In family owned pvt ltd company, Around 2 years back directors (family members) have incurred significant expenses on behalf of the company. Company doesn't have enough bank balance to repay the amount. The amount is appearing as advances from directors and no resolution was passed to treat them as loan. Now company desires to issue shares against these amounts, is it doable u/s 62 of companies act? what is recourse.

Eg A company named X earns a profit of Rs. 6 crore in the F.Y. 2015-16 for which it comes under CSR. Should it spend for F.Y. 2016-17 for CSR if its profit for that year is RS.4 crore, turnover and networth is less than the prescribed limit for applicability of CSR?

Can any one provide board resolution for authorization to execute share purchase agreement ?

Does reduction of share capital amount to alteration of capital clause in the MOA?

Details :
The capital clause in the MOA consists of particulars such as the authorized share capital of a company, the face value of share, the class of shares, number of shares and the subscribers to such shares.

Reduction of share capital amounts to alteration of paid up/called up share capital of a company. Such particulars do not form part of the capital clause of the MOA.

So how does this type of reduction alter the MOA?

And if not, then Sec 61 of Companies Act, 2013 states that cancellation of unsubscribed capital of a company amounts to alteration of MOA. Again, such particulars of subscribed/paid up/called up/issued capital do not form part of the capital clause of MoA, so how does it really amount to altering the MOA?

Correct me if I’m wrong in my approach here.

Dear Sir/Mam,

I was filing DIR-6 for change in email address of Director but I have a query regarding what attachment is to be done in such a change. DIR-7 has been removed and instead of that there is compulsory attachment for Proof of change in particulars.

Please help on what document should I attach for change in email address of director.

Regards,
Divyesh Jain

A person who is neither director nor share holder can we allot shares to him through private placement.
If we wish to allot shares at face value , we need valuaion report by CA and
How to file PAS-4 and PAS-5

Respected Seniors

Pls advice to understand whether Directors Report is essentially to be signed by all the Directors' or is sufficient if signed by the MD.

Thanks & Regards

Mr. X, already director in 20 companies wants to be Designated partner in one or more LLP.
can he become so?

Is there any law which prohibits or permit such act specifically?

Registered Owner can be a body corporate too under section 89 of companies act 2013?

MGT-4,5 & 6 are required to be filed in case of section 187 of companies Act 2013